Training Program

Junior officials from the ministries of finance and central banks who would benefit from a better understanding of the macroeconomic dimensions of fiscal policy.

Participants are expected to have a degree in economics or a related field, experience in macroeconomic analysis, and proficiency in Microsoft Excel Test.

This course, presented by the Fiscal Affairs Department, offers participants a more extensive exposure to fiscal issues and the macroeconomic effects of fiscal policy than is possible in a standard course on Financial Programming and Policies. Separate lectures are devoted to fiscal accounts and analysis, fiscal rules and fiscal councils, fiscal multipliers, management of natural resource revenues, fiscal forecasting, and fiscal sustainability, how the fiscal sector relates to the rest of the economy, and fiscal dimensions in financial programming. Workshops take up about half the course time. These cover fiscal accounting and analysis, fiscal forecasting and sustainability, fiscal multipliers, fiscal rules and fiscal councils, management of natural resource revenues, and design of a fiscal baseline and alternative scenarios for a real country case study.